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  1. #1
    mommyto2zs
    Guest

    Default Minor Windfall - What would you do?

    So here's a question for all of you budgeters:



    We are getting about $9,000. What would you do with it? What do you

    recommend we do with it?



    Some ideas:

    *put $2K in each of our IRAs

    *put $$ into our emergency fund

    *go on vacation. My older child is 6 1/2 and we've never been on a

    family vacation just the four of us. Nothing fancy, just vacation

    *put $$ into kids college funds



    We have no credit card debt or other consumer debt except mortgage and

    student loans.



    Thanks for any advice!













  2. #2
    Ria
    Guest

    Default Minor Windfall - What would you do?

    I would definitely start out by putting as much as

    needed into an emergency fund - preferably 3-6 months

    worth of expenses should be covered.



    I would then put some aside for a nice vacation -

    something filled with family fun.



    If there's any money left, it should go into the

    IRA's.



    If you still have money left, I would put it in a

    savings account to use for unexpected expenses, or to

    beef up your Christmas/car/whatever funds.











    --- mommyto2zs <apokras@yahoo.com> wrote:



    > So here's a question for all of you budgeters:

    >

    > We are getting about $9,000. What would you do with

    > it? What do you

    > recommend we do with it?

    >

    > Some ideas:

    > *put $2K in each of our IRAs

    > *put $$ into our emergency fund

    > *go on vacation. My older child is 6 1/2 and we've

    > never been on a

    > family vacation just the four of us. Nothing fancy,

    > just vacation

    > *put $$ into kids college funds

    >

    > We have no credit card debt or other consumer debt

    > except mortgage and

    > student loans.

    >

    > Thanks for any advice!

    >

    >

    >

    >









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  3. #3
    Kimberly Miller
    Guest

    Default Minor Windfall - What would you do?

    I'd put it towards the Student loans.

    mommyto2zs <apokras@yahoo.com> wrote: So here's a question for all of you budgeters:

    We are getting about $9,000. What would you do with it? What do you
    recommend we do with it?

    Some ideas:
    *put $2K in each of our IRAs
    *put $$ into our emergency fund
    *go on vacation. My older child is 6 1/2 and we've never been on a
    family vacation just the four of us. Nothing fancy, just vacation
    *put $$ into kids college funds

    We have no credit card debt or other
    consumer debt except mortgage and
    student loans.

    Thanks for any advice!




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  4. #4
    herberkids3
    Guest

    Default Minor Windfall - What would you do?

    I would say put some into an IRA or savings or a CD of some sort.

    Put some towards lowering your mortgage & student loans.

    Have fun with some of it- being on a budget and never getting to do

    extra stuff can be rather sufficating after a while!



    As for a vacation fund- maybe figure out now where you want to go,

    and start a brand new savings account for it. Don't put it into the

    regular account, because it's easier to spend it then, just start a

    brand new one at a whole different, preferrably out of the way, bank.



    Once you know where you want to go, and how much it's going to cost,

    deposit 50-75% of the amount needed into the account, and save up

    for the rest of it. When I was doing our summer vacation fund this

    past year, I started off by saving up all the checks I earn online,

    plus I saved up dollar bills and all our change for about a month.

    My first deposit into our new account was for just over $200. From

    there on out, I repeated the same thing- all online cashable

    earnings (most of what I earn online is gift cards, so those weren't

    useable towards it, but a few sites do cash or paypal), plus dollar

    bills and change. Then, when we got our taxes back, my husband put

    $500 towards the account. After that, we moved, and the savings

    slowed down on what I was able to save, but in the end, I had over

    $1600 in the account.



    That allowed for us to go camping several times, go to a local

    amusement park, buy a zoo pass for the summer, and do a few small

    things around home for being out and about, and I still have over

    $200 left in there. We've had to dip into it a few times over the

    past month or two, but overall, not bad.



    It was nice having the money set aside, and while we could have

    taken the full amount out of our taxes, it felt really good being

    able to contribute my own money towards it, and save up for it.



    --- In Budget101_@yahoogroups.com, "mommyto2zs" <apokras@...> wrote:

    >

    > So here's a question for all of you budgeters:

    >

    > We are getting about $9,000. What would you do with it? What do

    you

    > recommend we do with it?

    >

    > Some ideas:

    > *put $2K in each of our IRAs

    > *put $$ into our emergency fund

    > *go on vacation. My older child is 6 1/2 and we've never been on a

    > family vacation just the four of us. Nothing fancy, just vacation

    > *put $$ into kids college funds

    >

    > We have no credit card debt or other consumer debt except mortgage

    and

    > student loans.

    >

    > Thanks for any advice!

    >










  5. #5
    Jan Patterson
    Guest

    Default Minor Windfall - What would you do?

    Do what we do, divide it between all the categories. That way you are

    enjoying it now, and you'll enjoy it even more in the future. Jan who

    divides all her extra money income in such a way in OK



    mommyto2zs wrote:

    >

    >

    > So here's a question for all of you budgeters:

    >

    > We are getting about $9,000. What would you do with it? What do you

    > recommend we do with it?

    >

    > Some ideas:

    > *put $2K in each of our IRAs

    > *put $$ into our emergency fund

    > *go on vacation. My older child is 6 1/2 and we've never been on a

    > family vacation just the four of us. Nothing fancy, just vacation

    > *put $$ into kids college funds

    >

    > We have no credit card debt or other consumer debt except mortgage and

    > student loans.

    >

    > Thanks for any advice!








  6. #6
    Cynthia Lau-Work at Home Unite
    Guest

    Default Minor Windfall - What would you do?

    Put money in the IRAs. You can always take it back out if you have a need,

    without a penalty, as long as you don't take out the interest. IRAS can be used

    for college also.





    www.WorkAtHomeUnited.com/CindyLau








  7. #7
    Shana Lawson
    Guest

    Default Minor Windfall - What would you do?

    I would put part in your emergency fund and then pay students loans with the rest.

    mommyto2zs <apokras@yahoo.com> wrote: So here's a question for all of you budgeters:

    We are getting about $9,000. What would you do with it? What do you
    recommend we do with it?

    Some ideas:
    *put $2K in each of our IRAs
    *put $$ into our emergency fund
    *go on vacation. My older child is 6 1/2 and we've never been on a
    family vacation just the four of us. Nothing fancy, just vacation
    *put $$ into kids college
    funds

    We have no credit card debt or other consumer debt except mortgage and
    student loans.

    Thanks for any advice!




    &#32;
    Looking for a deal? Find great prices on flights and hotels with Yahoo! FareChase.


 

 

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